Letter of Intent (Construction) (B124)

Who can use this Letter of Intent?

Anyone who is negotiating a contract with a contractor and wants to get some work started before the contract is finalised.

What is a Letter of Intent (LoI) for?

The purpose of a letter of intent, usually, is to confirm to a successful tenderer that the contract will be awarded  and to get the contractor to start some work up to a specified value before the formal contract is signed   A LoI is not a substitute for a formal agreement but is for use as an interim measure conditional on  the formal agreement being signed.

What are the main points for a letter of intent?

Formal contract  Identify the contract being negotiated and the key terms. Sometimes the remaining issues are identified.

Interim work Identify the work to be performed under the LoI

Price   include a maximum price for the LoI work

Conditions  Make it clear the full contract award is conditional on that contract being signed by a certain date, otherwise the client can walk away.

For more information on each of these paragraphs, see our Explanatory Notes  which you will  receive when you download the document from our website.

When I download the document, can I change it and/or use it more than once?

Yes. You can buy it once and use it for any contractor you plan to appoint.  All ContractStore’s templates are in MS Word. As well as filling in the details – names and addresses, scope of work etc., – you can issue it on your company letterhead as well as alter or add to it if you need some special terms.

For more information watch the video on this page of our website or see our FAQs

For information on signing documents see our Contract Signing page

Legal assistance.

ContractStore supplies templates and is not a law firm.  But all our templates are written by experienced lawyers, in this case by a construction lawyer.  So, we can arrange legal assistance for customers who need special terms in one of our documents or a bespoke template.  For more information see our Legal Services page.

And if you want to contact us see our Contacts page